1925-02-10 — Page 9

Votes.

#

Atre-Sond-Runerfield-& Swire, Shipping Department H. P. White-Hongkong Hotel ....

-6850--

'TUESDAY, FEBRUARY 10, 1925.

OUR $15,000 MOTOR CAR CLUB.

POPULARITY -CAMPAIGN CONTESTANTS.

Is Your Name In This Great List?

THE FOLLOWING ARE THOSE WHOSE NAMES BAVE BEEN ENTERED AND WHO HAVE BEEN VOTED. FOR AS THE MOST POPULAR PEOPLE IN HONGKONG."

IS YOUR NAME, IN THE LIST?

IF SO CALL AT THE CAMPAIGN OFFICE IMMEDIATELY FOR "FULL PARTICULARS, OR PHONE CENTRAL 4860.

Name,

S. P. Leigh Harbour Office

Chau Sui Ki Chun On Wo Co., Queen's Road West Miss Phyllis D'Almada-Mody Road, Kowloon... Prof. Anderson-Hongkong University

Miss Kathleen Grose-6B, Conduit Road..... W. Sous-Jardine, Matheson & Co., Ltd... Pedder Street. A. A. Rumjahn-Lugard Hall, Hongkong University. N. M. Bux-Victoria Printing Press. D'Aguilar" Street, W. Shea Colonial Dispensary, Queen's Road Central, Miss Gertie Razavet-China Commercial Co. » Mr. Richards-Sanitary Department

•Name.

A. Andrews-Dodwell & Co., Ltd. Mrs. Vint-King's Buliding, Kowloon,

6000...

Chev. J. M Alves-1a, Chater Road"...

5000

A. M. Thornhill-Soldiers' Club, Queen's Road East W. Logan-Ice House Street....

5000

5000

5000

5000

5000

5000 5000

5000

5000 5000

FL

5000 5000

Miss Phyllis Curtis-51. Nathan Road, Kowloon

6700 6700

Miss D. O'Keefe--Station Hotel, Kowloon....

6500

D. Trafford-Diocesan Boys' School. Bonham Road GV. Highest-W, R. Lbxley & Co..

6400

6350

Basil Fung-1, West End Terrace

Miss Minnie Macgran-Bank Line, Ltd.. King's Building., H. Taylor-Shewan, Tomes & Co., St. George's Bldg. Miss M. Remedios-Alex Ross. & Co., 4, Queen's Road C. Jackie Noronha-Lugard Hall, Hongkong University.... C. H. Lyson Lyson & Hall, Solicitors. Bank of China Bldg. Ng Tse "Kwong-C.R.C., Causeway Bay....

5000

6000

5000

5000

1.6300

A. Bower Diocesan Boys' School, Bonham Road

"Mrs. Elsie Datenberg-1. The Albany

6250

J. F. Grose-J. F. Grose & Co., 6. Dès Vœux Road

5000 5000

W. E. Van Epps-Brown, Jones & Co.

6200

Dr. M. E. Asger-Union Ruilding

FA. Loureiro-Hongkong & Shanghai Banking Corp.

15000

6450

A J. Lane-China Building

5000

Aliss Marsh Antlerson Music Co., Ltd.

6100.

Dr. Ma Luk-58. Queen's Road Central,

5000

Miss Lolita, de Sous-1, Aimai Villas, Kowloon,

6100

Miss Ruzávette--Lane, Crawford

5000

I. f. Fountain-Anderson Music Co., Queen's Building..

6050

P. O. Peuster-J. Manners Co., Ltd., 7, Queen's Road.

5000

7. S.. Wan-20, Chine Road.!

·6050"

E. T. H. Bunje-H, H. M. Nemazee

·6000

Mrs. W. Hawker-Peak Hotel

$9 $18-18% on par value

6050

C. M. Soures-Percy Smith, Seth & Fleming.

5000

W,, CarroB→Cartoli Bros.. Tee House Street".

6000

Miss Chenalioy--Nestle Milk Co.

Mrs. Pestonji8, Humphreys Building, Kowloon

5000

-$8 $18 18% on par value

6000

Mes. Pickie-Asiatic Petroleum Co.. Aşlitic Building.

J. R. Suiter-The Pharmacy.

5000

6000

E. Ezra-D. Sassoon & Co., Ltd.

5000

Miss Amy Stonham-a. Orient Building. Kowloon,

6000

Miss Violet Tock-Goddard & Douglas J. Des Viring Rd.

N. A. Tre-15. Puttinger Street

5000

6000

S. M. Mayes B.A.T.

5000

Mrs. S. Perry-No.7. The Tenk

6950

K. M. Fetterley-C.P.R....

. . Sheppard-Pucitte Mail, S.$. Co.,

5050

E. Sadick-Chater & Mody

5000

Miss D. Lyon-Cox's Path. Kowloon

'5900

Dr. J. C, Allan-Alexandra Building

C. Pryce C.P.R.

5000

5000

Fred V. Wong-333, Nathan Road, Kowloon,

B. W. Tapie-China Mutual Life Ins. Co., Alexandra Bldg.

5000

5900

Mry, Deacon-21. Broadwood Road

3000

D. J. PurvesJardine, Matheson & Co., Ltd., Pedder St. Prof. Gonzalez-5, Caine Road

5000

+

5000

Miss D Woods-Beaconsfield Arcade

5850

T. Jones-Lane, Crawford, Ltd.

5800

31 Mank-Dairy Farm...

5800-

P. Mason-St John's Cathedral

5750

E. Mattos-Hongkong & Shanghal Banking Corporation.

5700

W. Ward-Benconsfield Arcade, Queen's Rond Dick D'Almada-Bank Line, Ltd., King's Building.".. Miss Hatlie Noronhu--Equitable Eastern Banking Corp. Mr. Ponsonby Fane-co Hongkong University

5000 6000

5000

5000

· Carlos Marques-Eastern Extension Telegraph. Co., Ltd.

-5000

Wong Kam Fuk—K, Canton Road, Kowloon

5700

E. da Rocha Shewan, Tomes & Co.. St. George's Building 5000

C. G. Harrison-S. Moutrie & Co., Ltd...

5600

Mrs. Barton-3. Pratt Building. Kowloon

5600

R. A. Cooper-N., Lazarus Opticfans. 12. Queen's Road C. 5600

R. Dreyer-Shewap. Tomes & Co.. St. George's Building Mrs. GR. Hayward-Pokfulun

5000

Miss R. Murray-Mac's Cafeteria

W. G. Goggin-Bank Linë, Ltd., King's Building.

$600

Miss Annie Tollan-20. Nathan Road

Fung Man Sui–Bank of Canton

5000 5000 5000

5600

Miss Williams-co. Thos, Cook & Son

Mrs. A. H. 'Lay—Unión Building

5000

5550

Mrs. P. Clem-China Light & Power Co., Ltd.

J. L. Litton-Benjamin & Potts, 31, Queen's Road Central

5000

5550

Jehn Mackenzie-J. F. Grose & Co...6. Des Voeux Road

J. S. Gozdar-Lugard Hall, Hongkong University

5000

5300

K. K. Kwan-St. John's Hall

Miss Alice Lau-Plans, Ltd., Asiatic Buliding

5500

Ernest, Zimmern-Morrison Hall

5000 5000

F. G. Wheeler-Wharf & Godown Co.

5400

Mrs. Eliss-Tantallon Terrace, Kowloon Dock

5400

M. P. Remedios Eastern-Extension Telegraph-Co., Ltd. - 5000.- Li Cho Chi-Ho Hong Bank. Queen's Road Central

5000

Mrs. Hazeland—10, Queen's Gardens

5400

L. G. Rozario-Pacific Mall S.S. Co.. Queen's Building.

5000

Aliss C.Angus-Johnson Stokes & Master.

5400,

L. Costa-Standard Oil Co. of N.Y., Unign Buildings.

A. S. Cousland-Alex Ross & Co., 4. Quech's Road Central

5000

8400

Mrs. Day-Hongkong University

Miss M. Santos-Hongkong Tramway Co., Ltd.

5000

5350

Miss Molly Groundwater-Dioresan Girls' School, Kowloon

A. Cheung-Mercury Garige. Des Voeux Road

5000

5350

Madame Flint-China Building. 'Queen's Road

Miss P. Ogilvie-Victoria House, Kowloon

5000

5350

Harold Seth-Himly & Co., Des Voeux Road

5000

Miss Viclet Chan-Government Civil Hospital

33501

Edith H. Kee--260, Queen's Road

T. Bennett-Kowloon Tong ..

5000

6350

O. B. Raven-Architect, Raven & Basto, Des Vœux Road. 5000

Mrs C. T. Rowe-2. Observatory Villas

5300

Miss Alive La337, Robinson Road

Miss V. Capell-Torres Building, Kowloon J.

5000*

5250

H. J. Silva-Dodwell & Co.. Ltd.

5000

4. Boni-Gantle, Price & Co.

5250

Dr. John Fenton-Lugard Hall. Hongkong University, a.

H. Piercy-Insurance Dept., Jardine, Matheson & Co.

5000

5250

Mrs. S.. Alderman S. Moutria & Co.

5000

Miss D. Witchell-Cox's Path. Kowloon

5250

G. E. Wetton-Skott & Co., Ice House Street.

5000

Miss Charlotte Bearwolf-Happy Valley

5250

E. G. Stewart-St. Paul's College

5000

Miss Kathleen' Grase-55, Conduit Road

5250

A. C. Greaves-4. Excelsior Terrace

5250

Miss Mabel Gittins-Union Trading Co., Prince's Building "5200

D. E. de Sousa-Dodwell & Co., Ltd., 2. Queen's Building. 5000 Miss R. Mow Fung-Gilman & Co., Ltd.

5000

G. W. Avenell-Lane, Crawford '.

5200

"Madame Kelvey-Kowloon Hotel.

5200

E. J. de Pigaviretio-Hughes & Hough

5200

F. Thomason-H.K. Canton & Macao Steamboat Co., Ltd., 5000 C. Alves-Mercantile Bank Building, Queen's Road... 5000 B. Randali-Benjamin & Potts: 11. Queen's Road Central Mrs.. Pasco-Brewer & Co., Pedder Street

.

5000

.5000

Mrs. Bannerman-itongkang Electric, Co, Ltd,

5200

Prof. W. Brown-Hongkong University

C. Fulcher-Moxon & Taylor

5000

5200

Bai Yim-Hongkong Hotel.

5200

Miss Aqu Pépperell-Equitable Eastern Banking Corp..

Mrs. Pryde-Government Quarters. Wong-nei-chong Rd. 5000 Seu Kon Chi-Bank of China Building...

5000

5200

W. J. Howard-Canadian Pacife $18, Co.

5200

A. L. Terry--China & Japan Telephone Co.Ltd.

5000

Dr. K. 8. Cheah–254. Morrison Hill Road

5200"

Mrs. Harris Walker-Basilea. Lyttleton Road

Apk, Wheeler-e o Thos. Cook & Son

H. Lamb TArthur. Ltd., Des Voeux Road,

5000 5000

5150

JAM. Jack-Dairy Farm Co., Ltd.`. A.

Mrs. Normington-Whitefield, Causeway Bay

5150

Miss Chon---5. Brandwood Road

5000

W. L. Wilkinson--H:R. Länd Investment & Agency Co...

5150

W..T: GRndinuing-Hongkong Tramway Co., Ltd...

C. Rumjahn-Bank of China.Building

5000

*5150

Miss Carvalho-Dodwell & Co., Ltd., 2. Queen's Road)

5000

M.I.. Gill-Asiatic Petroleura C., Asiatic Building..

5150

· Miss Sourù-Lyenan Villas, Kowloon...........

Mrs. Paul Laing—Orient Buildings, Kowloon

5100

V. E. Kerley-Hongkong Electric Co., Ltd.

5000

JJohnstone-Douglas S.S.Co.,Ltd......

5000

"Mis," "CzStratfora--China Light & Power Co., Ltd,

5100.

G. Zimmern-Carroll. Bros., Ice House Street

5000

5100

T. Williams-Thon: Cook & Son, Ltd. :

5000

F. F. Res da Silva-D. Sassoon & Co., Ltd,

5100

Geo. Edwards-United Asbestos OfRntal Agency. Ltd..

5000

„D,. McWhirter-Dairy Farm Co., Ltd.

6100

Miss Meadows-Public Works Departments

5100

E. Mow Fung-Dey A. Wing, Dex Vieux Road

5000

Mrs, Burford--1. Cox's Path. Kowloon

5100

Mrs. Davies-10. Wonguei-chong Road,

5000"

Miss Bain--Hongkong Hotel

-5300

Mrs. A. J. Martin-Nathan House. Kowloosi

5000

J. Smith-Kowloon Railway"

5000

Miss Bliss-1.K., fantur & Marto Steamboat Co.

6100

Mrs. H. M. Spit-Java Line

5000

Mry. Stiliad Moreton Terrace, Causeway Bay

5100

1. 1. Stainfield—3lustard & Co.

5300

E. Pepperell W. G. Humphreys & Col

5000

Mrs. A. M. G. Sturk-e o Harry. Wicking & Co.

5100

Mrs. Kitchell 34, Leighton Hill Road

5000

Lady Pollnek-The Peak .......

$5100

S. A. Lopes-Hongkong Tramway Co., Ltd.

5000

Miss Jennings-294. Kennedy Road ..

5000

E. H. O'Farrell-Whaựt & Guddown Co.

5050"

A. Bribeäts-Victoria Printing Press, D'Aguilar Street..

5050 "

Mrs. Y. P. Law-18. Arbuthnot Road

5000

Mrs. C. J. Roc-2. Observatory Villas, Kowloon

5000

Mrs. Baliton-33. Humphreys Building, Kowloon

5050

Mrs. Westlake-Volunteer Headquarters

5050

G. Harper-Queen's Dispensary

5050

Mrs. T. F. O'Sullivan-4, Railway Terrace, Kowloon Mrs. T. Shand-Shaukiwan Road ....

5000

5000.

Mrs. Parsons-2, Broadwood Terrace

5000

I. Abløtt-Anzac House, Kowloon

5050

Mrs. Purden-84, Caine Road

5000

F. Mutall-Europe-Asia Trading Co., Ltd., China Bldg..

6050

JT. Thirlwell-Taikon Docks ...

5050

Miss G. Ramsay-8, Highburn Terrace, Kowloon Docks..

5000

C. A. Franco-Hongkong Electric Co.,Ltd.

5050

-Mrs. G. Rapp-Humphreys Estate Co., Ltd.

5000

Charles Henry Cotton-Hongkong Hotel

5050

Mrs. Steel Shewan, Tomes & Co.

6000

Mrs. Fenton-82, Bonham Road.

Miss M. Kent-Lane, Crawford, Ltd.

A. McKirdy-V.R.C

E.II. R. Mitchell-Bradley & Co., Ltd.,

W. K. Reynolds-City Hall

5050

J. Havercamp-Transmarine Trading Co.. York Building.

5000

5050

A. T. Stubby-Gibb, Livingston & Co.

5000

5050

J. W. Faulkner-General Electric Co., Queen's Building.

5000

5050

6050

Sir Claud Severn-"Tanderagee"

5050

D, Harvey-Asbestos, Co., 2. Queen's Building.. Lau Mok Lin-Hongkong Furniture Co., Queen's Road J. P. Bourne-Hongkong, Hotel

5000

5000.

5000

Mrs. Bevan-Leighton Hill Road

5050

A. P. F. Prew-University of Hongkong

5050

S. Gonella-Architect. 83. Queen's Road Central, W. R. Wilkinson-Hongkong Land Investment Co.

.5000

5000

difference..

Miss C. Botelho-Peninsula Store, Basement K'loon Store. 5060

C. B. Riggs-Holt's Wharf. Kowloon ......

5000

Mrs, Clarke Atkinson-Kowloon Docks,...

5050

J. Ormiston-Holyoak & Massey Co., Ltd.

5000

We propose to pay a final dividend of $2 and

Mr. Alec B. Allan-H.M. Naval Yard

5050

Mrs. F Duckworth-Hongkong Electric Co., Ltd. C. F. Vas-Eastern Extension Telegraph Co., Ltd.

5000

Bonus of $2.50 per

5000

share absorbing

Mr. D. C. Baptista-Peninsular Auction Room

5050

Beatrice Souza-Mac's Cafeteria

5060

Mrs. L. de Rome-Hongkong Electric Co., Ltd.

5000

Mr. Hineman-Kowloon Docks...

5050

W. K. Davies-17. Robinson Road

5050

C. W. Somers-Eastern Extension Telegraph Co. Mrs. V. Sorby-Hongkong Electric Co., Ltd.

5000

5000

Pay a Bonus to Staff of Place

to Reserve Account 4-4

E. Zimmerman-Morrison Hall, Hongkong University,

5050

Mrs. S. Longfield-Hongkong Electric Co., Ltd.

5000

T. S. Evan-20, Caine Road

5000

"Miss Evelyn Castro--21, Caine Road

5050

M. Rafeek-0.5.K. Co.

5050

Rev. Quick-St. Stephen's College

5000

C. C. Stark-Vacuum. Oil Co.

5050

Miss R. Shen-H.K., Canton & Macao Steamboat Co.

5000

E. E. Ellis-Ellis' & Co.

5050

A. G. Sulliad-B.A.T.

5000

Ju Tak Chung-Clark & Iu, Des Vœux, Road.

5000

J. T. Bridger-Commercial Union. Așt. Co., Queen's Bldg. 5000

PRICE OF BREAD.

W. R. Buckberrough--C.P.R. (..

5000

approached by a "China representative.

W. A. Dowley-4a, Des Voeux Road

.5000

Mrs. P. F. Mills-Butterfield & Swire .....

5000

CH-Donnithorne China Light & Power Co., Kondoan

5000

"REDUCTION POSSIBLE IN

A FEW WEEKS.

S. E. Green-Lepack Co., Queen's Road Centrál

5000

J. A. Tarrant-A. S. Watson & Co., Ltd.

5000

B. L. Frost-Eastern Extension Telegraph

5000

J. Smith-Dairy Farm Co., Ltd: 1.

5000

'N, M. Currie-Davie Boag Co., Ltd., 48, Des Voeux Road. 5000

G. A. Harriman-Ice House Street

C. L. Farmer-Douglas S.S, Co.,

5000 5000

immediate reduction in the price of broad in Hongkong, according

10 Mr. D. M. Goodall, who was

And Carry Forward

From NEW YORK.

EE Motor Vosso!

"CEDARBANK" Four lots of Crown land were having arrived, Consigness of Cargo by $1080,00.09 ulit at an auction at the Volunteer her are informed that all Goods are 8,000.00 Headquarters yesterday afternoon, being landed at their risk into the

and aroused keen competition bazardous

A Total of $2,861,124.38 and I trust that these proposals will meet with your entire approval.

I now beg to propose the adop- tion of the report and accounts as Mail" presented, and after this has been duly seconded I shall be glad to The reason for this is that stocks answer to the best of my ability, are held which were brought at any questions Shareholders may the high price but if the lower wish to put. | prices are maintained there is

The sudden break in wheat every reason to believe that a

and/or extra-hazardun hetween two parties. The property Godowns of the Hoogkong & Kowloon an area of 1,860 sure feet Wharf & Godown Co., Ltd., whence is situated at Ka Pui Black.delivery may be obtained.

No Claims will be admitted after the Kowloon The upwet price was $2,700, It steadily rose by small Gonda have left the Godowns, and all bids to $4,555, ut which price the Goods remaining undelivered after 18th land was knocked down to Mr. February 1925, will be subject to rent. Cheng In-tong.

All Claims against the steamer must Three other lots at Trun Wan be presented to the Undersigned on or were next sold, in each case at the before 23rd February 1925, or they

will not be recognized. upset price.

The sales resulted :-

All broken, ebafod and damaged Tun Wan Inland Lot No. & Goods are to be left in the Godowo

•(4),(NX)-square-feetis pureloverwhere they will be examined on 16th A Proud Record

Mrs. Bang Haw; price $600;

February, 1925, at, 10 sim. Mr. S. B. Deacon secording said

Tsun Wan Inland Lot No. 9 No Fire Insurance has beari effected." prices is not likely to lead to a reduction will be made in a few "It is easy for any constant (87;800 square feet); purchaser,| Bill of Lading will be countersigned.

shareholder to say that he seconds Mr. Edgar L. Yung: prive $740. On February I. the price of all a report like this with pleasure, for kinds of bread. In Hongkong was the report is, all in all, about the (26,000 square feet); purchaser,

Taun Wan Inlund Lot No. 10 THE BANK LINE, LIMITED.

General Agents. raised by two cents a lb.

best in the history of the Company. Mr. Ng Si-chi; price $082.

Hangong, 10th February, 1935.

weeks'dme.

THE CHINA MAIL.

Votes.

6000

5000"

HONGKONG. LANDS.

(Continued, from page 1.

CRICKET:

SOME TEAMS FOR SATURDAY.

It shows an extraordinary stable position on what looks like prov ing to be the end of the activity which has prevailed in the local property market for the last would therefore be very detri few years. For the first ten years mental to the interests of the Company operated on a capital the Company to consider

dis of two and a half millions and for ed to play for the Civil Service The following have been select- tributing by way of dividend and the past 24 on one of five millions; Cricket Club in a First Division bonus the whole of this money, to-day its assets are conservatively League match against the Royal as it would seriously affect the valued at eleven million dollars Artillery on the Civil Service Club ground, commenclag at 2 p.m.,

from

Ørst to last

bave

future earning capacity of the so that Company, and I think you will the shareholders wil! agree that it is very desirable for a some sixteen million dollars dist on Saturday:- Company like ours to maintain as ributed amongst them if the divid E. W. Hamilton (Captain) G. R. far as possible an even rate of end and bonus now proposed Sayer, FJ De Rome, B. D. Evans, dividend, and when the result is approved and it doubtless will E. B. Reed, F. H. Holdman, E. C.. 5000justifies it to increase the return to be, as it is the best-in-the history Fincher, F. E. Lawrence, F Bakes, 5000

shareholders by payment of a of the Company. The record is A. R. Sutherland and F. J. Ling. bonus. This is the policy that one of which the senior managing

Umpire: P. T. Lamble. your Directors have followed. Up director might "justly feel proud,

Scorer: W. F. Fincher. to, and including the year 1918, and upon which he should be con we paid a regular dividend of $7 gratulated as heartily as the share. per share, equivalent to 7 per cent. holders congratulate themselves. on the paid-out value of the shares The dividend for subsequent years until 1923 has been as follows

1919 Dividend $8 and Bonus | $5 + $13 = 13% on par value.

1920 Dividend $8 and Bonus $6 1 $144% on par value.

1921 Dividend $9 and

1923 Dividend $10 and

1

The Chairman: If there are no more questions will put it to the meeting that the report and balance sheet be adopted.

Managing Directors' Fees

The following have been select-- ed to represent the Civil Service Cricket Club "A" in a friendly match against the East Surreys on the Army ground, Happy Valley, commencing at 2 p.m. on Saturday;-

J. H. B. Nihill (Captain), W. H. Mr. Kelly Sayce: Would you Edmonds, C. F. Alexander, C. H. Bonus please tell me or the share-l Beardall, H. C. Wallington, holders here how you arrive T. D. E. Pendered, F. L. Squibbs, Bonus at the amount $355,593.006 as A. W. Grimmitt, S. B. Spillett, H.

managing directors' fees for 1924 Strange, and C. Sara,

of commission Reserves H. F. Harper, W. and on what account is, it charged? Callip, and H. Westlake.

what

rate

GARRISION RECREATION

CLUB.

MEETING TO-MORROW.

A meeting of the Garrison

1923 Dividend $3 and Bonus at $25 20% on par value. and this year! your Directors Is it on the general sale, interest or are recommending a divid-Frent account? 5000 end and bonus which shows a" Reading from the articles of return of 26 per cent on the par association the Chairman" said: value of the shares. To satisfy Any addition to his share of this the sum of $1,560,000 is re- the remuneration mentioned in quired, whereas the net receipts, Article 95 (4) each of the from rentals, interest, etc., total permanent and managing directors only $737,972.26, a difference of shall be entitled to commission of nearly $922.ero representing nearly $350 per cent. on the net profits Recreation Club will be held to- 50 per cent. of the gain shown on of the "company for each current morrow (Wednesday) in the Com- sales of properties $1.874.683.20 year in which such net profits mand Referee Library. Unite Bearing in mind the fact that on amount to 7 per cent on the paid are asked to send representatives." the sale of a property, only 25-30 up capital and to commission of $5 per cent. is collected in cash, per cent on such net profits for the balance remaining on mort each current year in which they gages, you will no doubt agree amount to $10 per cent or upwards that your Directors are making on the paid up capital. -14 you the largest return possible consistent in safegarding the

Mr. Sayce. : What are the

The qualifying round of the Company's position, and at the directors ideas in building up Junior Championship was played same time looking to the future. such a huge profit of seven at Fanling on Sunday. There were In this connection, I may mention millions to the reserve when our 45, entries, but only 34 cards were that no sales of property have been property is worth. I believe, four effected since last August, nor times the book value and when does the present state of the pro- the Wanchai

Reclamation will perty marker suggest that the Com-in three or four years bring in pany will find this a material several more millions? source of profit during the current

The Chairman: The first part twelve months, a factor which musts dealt with in my speech. The not be lost sight of in considering potential profits you refer to win only sixteen scores under 100.

5000.

The Reserve Fund

J

Commission.

'the question of bonus.

The total amount advanced on and you may rest assured that your be dealt with when they arrive, mortgages is now $10,845.73311 directors will treat you with the against last year $8,355.258 11, same prudence and reason as they an increase of approximately have in the past. (Hear hear.) $2,500,000, and against this asser we have deemed it prudent to increase reserve account by Mr. Sayce: Do you get com- $1,000,000. The advantages of mission on all loans and mort carrying forward 3 substantial gages? If so, is it fair to leave this to next year in place of money for the sake of earning allocating the money to special eight per cent, on mortgage and account is obvious, and calls for for the managing directors to reap no particular explanation.

the harvest?

sum

GOLF.

JUNIOR CHAMPIONSHIP.

returned.

Colonel Dobbin had the bast return, a card of 88; J. W. Franks was next with '90, Colonel E. D. Matthews 91, A. Morrison 92, Major Milner Jones and Capt. Joll 93 F, N. Young 94. There were

HOCKEY,

HONGKONG HC. v. NAVY.

The following will represent the Hongkong Hockey Club in their secund match of the Sim Shield Triangular Tournament against the Navy, at 5 pm. at the U.S.R.4. to-morrow (Wednesday):--

P. W. F. MIs, A.A. Daud, A.S. Hett, the Rev. E.W.L Martin, I have gone into this matter The Chairman: The answer to E. J. R. Mitchell (Captain), L. P. somewhat fully, as a few weeks whether the managing direc Ralph, G. R. More. W J.

ago your Directors received ators are entitled to commission Woodward, G. J. Jones, B. L. Sim, letter signed by a number of on interest '00 mortgage and B. D..Evans. shareholders, which suggested is that Interest on mortgage is the that the whole of the profits made same as the rental earned by the by sales of property this year company and show in the profit Should be distributed as a bonus; and loss account.

TO-DAY'S : ADVERTISEMENTS.

TIR HONGKONG · ROPE MANFFACTURING CO., LTD.

THI: "PONTY FIRST-04

POP SHAREHOLDERS in the The Chairman: What is your above t'ompany will be held at St.

The suni of $2,500,000 was men- The second question he took to tioned as being available, whereas mean was was enough made, to the actual figure, as already carry on with? .. mentioned is $1,873.673.20. The Mr. Sayce': The directors' letter received also made mention commission is so much that there of the Priya East Reclamation is not much left for us. By keep- Rights held by the Company asing the money and the eight por being marketable at $4000,000,00. cent. you are not making much for DISARY ANNUAL MEETING Doubless the signatories of this the poor shareholders." letter failed to appreciate the fact that a large portion of the Com-idea of dividend? pany's reclamation rights in the

Genge's Building. Chater Road, Eastern District had been disposed

Victorin, on THURSDAY, the gth. February, 1926, at 11 o'clock of, and to estimate the present day value "of our remaining lots at

a.. for the purpose of receiving a. $4,000,000 is very far from the

Directors Re-elected."

statement of accounts and the re mark, and would require a sale The re-election of the retiring port of the General Managers for figure of something in the weigh directors, Mr. A. S. Gubbay and the year ended 31st. · December, bourhood of $16 per square foot.

the Rev. Father Robert, was pro, 1921 and electing a Consulting Turning to the balance-sheet, posed by Mr. Croucher and Committee and Auditors. you will notice. debentures of seconded by Mr. Arnold.

The Transfer Books of the Com- $1,590,000 taken over from the Messrs. Percy Smith, Seth and any will be closed from Monday.. Central Estate have disappeared. Fleming and Messrs. Linstead and the 16th February, 1925, until These were paid off on May 30 Davis were re-elected auditors, at Thursday, 26th. February, 1926, last, in accordance with the terms a remuneration of $750 each, on both days inclusive.

Mr. Soyce: I haven't any. The Chairm to: The answer then, is in the affirmative.

dividend warrants could be ob The item Accounts Payable"tained at the Company's offices is considerably higher than last tomorrow" year, as represented by the Company's cash position. The Prince's mortgage granted on Buildings, referred to above, ap- provimately accounts for the

D

SHEWAN TOMES & CO.,

General Managers. Hongkong, 7th. February, 1925.

of the sale agreement on Prince's the proposition of Mr. Birkett buildings, the sum being advanced seconded by Mr. Weall.

by this Company on the security The Chairman stated that this of a mortgage on the laiter Build- concluded the business, and ing, expiring in March 1926.

CROWN LAND SALES.

A KEEN BIDDING

KOWLOON PROPERTY.

NOTICE TO CONSIGNEES.. "AMERICAN & ORIENTAL LINE..

FOR

THE

1,000,000.00

773,184.38

by

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